1. Traditionally one who exploits multiple women, forcing them to perform sexual favors for clients in return for financial profits.
2. More popular usage, one who has immense success with women and, often, takes many girlfriends.
3. Something that's cool, fashionable, or hip.
Mad Libber: Yo, look at that sexy chocolate momma over there, nigga. I wish I could get a piece of that coconut pie.
Judge Fudge: Well, that's my ho...and tonight she can be yours, for that cadillac over there.
Mad Libber: You her pimp? How about $50?
Judge Fudge: I'm far too busy being delicious.